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Norway: GDP per capita (current US$)

In , Norway's GDP per capita (current US$) was 86,785.43.

That's down 0.8% from 2023, the highest value since .

The global average for this indicator in 2024 was 21,312.22 . Norway ranks #7 globally out of 192 reporting countries. Within Europe & Central Asia, it ranks #5 of 52.

Source: World Bank Open Data (NY.GDP.PCAP.CD) • Data as of 2024

Trend (2005–2024)

Norway GDP per capita (current US$) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
109,269.52
Trough
67,047.17
1-year change
-0.8%
5-year change
+13.5%
+2.6% / yr
10-year change
-11.1%
-1.2% / yr

Real vs nominal growth

Over the last 10 years, Norway's nominal GDP per capita (current US$) changed by -11.1%, while real (inflation-adjusted) GDP per capita (constant 2015 US$) changed by +7.4%. The -18.5 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.

Historical Data — Last 10 Years

Year GDP per capita (current US$)
86,785.4334
87,497.2180
109,269.5206
93,072.8925
68,340.0181
76,430.5889
82,792.8427
76,131.8384
70,867.3610
74,809.9658

About GDP per capita (current US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.PCAP.CD • Category: Economy

About per capita measures: Per capita figures divide a country's total value by its population, giving a measure of average individual share. This makes countries of different sizes more comparable — a large country like China may have a higher total GDP than Switzerland, but Switzerland's GDP per capita is much higher.

Frequently asked questions

What was Norway's GDP per capita (current US$) in 2024?
In 2024, Norway's GDP per capita (current US$) was 86,785.43, according to World Bank Open Data.
Is Norway's GDP per capita (current US$) rising or falling?
Norway's GDP per capita (current US$) fell 0.8% from 2023 to 2024.
How does Norway rank globally on GDP per capita (current US$)?
In 2024, Norway ranked #7 out of 192 countries reporting GDP per capita (current US$).
How does Norway's GDP per capita (current US$) compare to the world average?
The global average for GDP per capita (current US$) in 2024 was 21,312.22, so Norway is above the world average. Within Europe & Central Asia, it ranks #5 of 52.
What is GDP per capita (current US$) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
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Source: World Bank Open Data (NY.GDP.PCAP.CD), CC BY 4.0.